Asustek Computer announced via a filing with the Taiwan Stock Exchange (TSE) on November 14 that the company will invest US$1.2 million in Jiangsu Dongbu High Technology Metal Products, a China-based iron and steel company.
Today's Chinese-language Economic Daily News (EDN) indicated that through the investment, Asustek will have a 20% stake in the company. Currently, 50% of Jiangsu Dongbu is owned by Korea-based companies while China makers account for 30%, the paper noted.
The paper quoted Asustek as saying that the investment will allow the company to secure material for its metal casing business.
Article translated by Emily Chuang and edited by Eric Mah
